NYSE$PRO
Pros Holdings Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported 17% subscription revenue growth and improvements to profitability.
PROS Holdings, Inc. announced financial results for the third quarter ended September 30, 2022, with a 17% year-over-year increase in subscription revenue and strong improvements in profitability. Year-to-date deal count more than doubled compared to last year, reflecting the value proposition of the PROS Platform.
- Subscription revenue of $51.8 million, up 17% year-over-year.
- Subscription gross margin of 73% and non-GAAP subscription gross margin of 77%, up over 500 basis points year-over-year.
- Welcomed new customers including ABB, GE Healthcare, and Phillips Pet Food.
- Solutions generate an average of 8% revenue uplift, 200 basis points of margin improvement, and 67% efficiency gain for customers.
Headline financials
Revenue & EPS history
Pros · Revenue · Quarterly
$70.3M
Revenue by segment
Pros · $77.3M total across 3 segments · Q3 2023
- Subscription Revenue$60M—77.7%
- Services Revenue$12.6M+9.2%16.3%
- Maintenance and Support Revenue$4.69M—6.1%
Forward guidance
PROS anticipates total revenue between $68.5 to $69.5 million and subscription revenue between $52.1 to $52.6 million for Q4 2022. The company is also raising its full year 2022 guidance for total revenue, subscription revenue, and adjusted EBITDA.
Tailwinds
- Total Revenue: $68.5 to $69.5 million (Q4 2022)
- Subscription Revenue: $52.1 to $52.6 million (Q4 2022)
- Full Year 2022 Total Revenue: $273.75 to $274.75 million
- Full Year 2022 Subscription Revenue: $203.0 to $203.5 million
- Full Year 2022 Adjusted EBITDA: $(22.5) to $(21.5) million
Headwinds
- Non-GAAP Loss Per Share: $(0.14) to $(0.11) (Q4 2022)
- Adjusted EBITDA: $(5.2) to $(4.2) million (Q4 2022)
- Free Cash Flow: $(25.0) to $(21.0) million (Q4 2022)
- Full Year 2022 Free Cash Flow: $(25.0) to $(21.0) million
- ARR: $246.0 to $250.0 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 7 quarterly earnings reports
-0.4%
Avg return
Earnings day
-0.6%
Avg return
5 days after
-1.9%
Avg return
30 days after
45%
29 / 64 earnings
Positive
+18.3%
Q4 2012
Best reaction
-17.8%
Q2 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | -0.1% | +0.0% | +0.9% | |
| Q2 2025 | -5.5% | -5.9% | -1.3% | |
| Q1 2025 | -2.6% | -1.4% | +4.4% | |
| Q4 2024 | +7.9% | +7.3% | -10.1% | |
| Q3 2024 | +9.3% | +10.0% | +22.0% | |
| Q2 2024 | -4.8% | -10.6% | -20.8% | |
| Q1 2024 | -7.1% | -6.7% | -13.4% | |
| Q4 2023 | +5.8% | +2.6% | +3.4% | |
| Q3 2023 | +4.9% | — | — | |
| Q2 2023 | +7.7% | — | — | |
| Q1 2023 | -0.8% | — | — | |
| Q4 2022 | -3.9% | — | — | |
| Q3 2022 | +6.9% | — | — | |
| Q2 2022 | +2.1% | — | — | |
| Q1 2022 | +6.7% | — | — | |
| Q4 2021 | -4.5% | — | — | |
| Q3 2021 | -3.8% | — | — | |
| Q2 2021 | -1.1% | — | — | |
| Q1 2021 | -3.1% | — | — | |
| Q4 2020 | +0.3% | — | — | |
| Q3 2020 | -8.7% | — | — | |
| Q2 2020 | -17.8% | — | — | |
| Q1 2020 | -6.0% | — | — | |
| Q4 2019 | -11.0% | — | — | |
| Q3 2019 | +2.4% | — | — | |
| Q2 2019 | +8.3% | — | — | |
| Q1 2019 | +11.4% | — | — | |
| Q4 2018 | +4.2% | — | — | |
| Q3 2018 | +8.9% | — | — | |
| Q2 2018 | +3.4% | — | — | |
| Q1 2018 | -7.4% | — | — | |
| Q4 2017 | +15.1% | — | — | |
| Q3 2017 | -6.3% | — | — | |
| Q2 2017 | -7.0% | — | — | |
| Q1 2017 | +3.1% | — | — | |
| Q4 2016 | +3.9% | — | — | |
| Q3 2016 | +8.1% | — | — | |
| Q2 2016 | -5.9% | — | — | |
| Q1 2016 | +9.8% | — | — | |
| Q4 2015 | +1.2% | — | — | |
| Q3 2015 | -11.4% | — | — | |
| Q2 2015 | +0.4% | — | — | |
| Q1 2015 | -15.3% | — | — | |
| Q4 2014 | -4.7% | — | — | |
| Q3 2014 | +1.0% | — | — | |
| Q2 2014 | -3.8% | — | — | |
| Q1 2014 | -13.1% | — | — | |
| Q4 2013 | -3.0% | — | — | |
| Q3 2013 | +5.9% | — | — | |
| Q2 2013 | -5.6% | — | — | |
| Q1 2013 | +14.5% | — | — | |
| Q4 2012 | +18.3% | — | — | |
| Q3 2012 | -3.1% | — | — | |
| Q2 2012 | +13.6% | — | — | |
| Q1 2011 | -8.5% | — | — | |
| Q1 2012 | -3.5% | — | — | |
| Q4 2009 | -2.4% | — | — | |
| Q4 2011 | -2.4% | — | — | |
| Q3 2011 | +3.3% | — | — | |
| Q3 2010 | +3.3% | — | — | |
| Q4 2010 | -9.2% | — | — | |
| Q2 2011 | -9.2% | — | — | |
| Q2 2010 | -9.2% | — | — | |
| Q1 2010 | -8.5% | — | — |
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